South American vs Swedish Median Household Income

The statistical analysis conducted on geographies consisting of 493,431,068 people shows a poor negative correlation between the proportion of South Americans and median household income in the United States with a correlation coefficient (R) of -0.188 and weighted average of $86,824. Similarly, the statistical analysis conducted on geographies consisting of 538,472,836 people shows a significant negative correlation between the proportion of Swedes and median household income in the United States with a correlation coefficient (R) of -0.663 and weighted average of $88,524, a difference of 2.0%.

In terms of median household income, the demographic groups most similar to South Americans are Immigrants from Saudi Arabia ($86,875, a difference of 0.060%), Hungarian ($86,920, a difference of 0.11%), Basque ($87,001, a difference of 0.20%), Immigrants from Nepal ($87,046, a difference of 0.26%), and Costa Rican ($87,262, a difference of 0.51%). Similarly, the demographic groups most similar to Swedes are Immigrants from Sierra Leone ($88,498, a difference of 0.030%), Polish ($88,472, a difference of 0.060%), Sierra Leonean ($88,463, a difference of 0.070%), Arab ($88,398, a difference of 0.14%), and Immigrants from Chile ($88,388, a difference of 0.15%).